Mongolian and International Coal Giant Gathers in UB

A big international conference and exhibition entitled “The Coal Mongolia 2011” opens at Chinggis Khaan Hotel in Ulaanbaatar on February 24.

More than four hundred foreign and domestic delegates are attending the event comprising of two key conferences entitled “Mongolian Coal Sector Policy and planning of coal industry of Mongolia” and “Mongolia – The New Player of the World’s Energy Sector”.

Other sessions’ topics include coal market & foreign trade, coal extracting technology, equipment and safety, coal investment projects and production, coal transportation and infrastructure, the government hour, and technology, reclamation and supply chain.

Minerals and Energy Minister of Mongolia D. Zorigt opened the event with his speech, followed by remarks by Prime Minister Batbold and Minerals Authority Director Batrkhuyag.

The objective of the event is to put Mongolian coal on the international market, to expand channels of coal sales; to open up corridors of coal transport internationally; to attract investment onto coal exploration and extraction projects; to develop supply network of the coal sector; and to publicize Coal sector policy and planning of Mongolia to the investors.

By the end of November 2010, the coal sector of Mongolia made very lucrative success first time in its history, the amount of extracted coal reached 20 million tons and 14 million tons have been sold to the foreign market and surpassing its copper export capacity.

Due to the coal sector growth, thousands of new jobs are created and development booms are guiding Mongolia to the new path of prosperity.

Organizers are the Minerals and Energy Ministry of Mongolia, the Mineral Resources Authority of Mongolia and the leading mining portal “mining.mn”.

The conference will close on February 25.

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